Magnuson Hotels leaps into top 10 global chain rankings at #9.
November 11, 2009
SPOKANE, WA — Magnuson Hotels, the world’s largest independent hotel group, announced today that record-breaking growth in new hotel affiliations 2009 year-to-date have advanced the chain to the #9 rank within the top 10 global brands by number of properties.
Despite the largest occupancy crash in U.S. history, low-cost franchise alternative Magnuson Hotels continues to break growth records as the fastest growing hotel chain in history.
In contrast to traditional franchise hotel chains that are supported by a percentage of gross sales earned by individual hotel owners, Magnuson Hotels differentiates itself with a lower cost, performance-based structure for the independent hotel owner, who in turn passes along the savings to hotel guests.
Key to Magnuson Hotels’ growth has been a 36% year-to-date increase in reservation revenue for more than 1,000 affiliates in the face of 26-year high U.S. unemployment rate and record increased room inventory due to the largest hotel construction pipeline in history.
With current entrance into international arenas and continued North American growth, the company estimates doubling in size within the next year.
About Magnuson Hotels, the fastest growing hotel chain in history.
In only seven years, Magnuson Hotels headquartered in Spokane, WA has become the world’s largest independent hotel group, representing nearly 1500 hotels and a combined affiliate base with assets in excess of $5.5 Billion. One of the top 10 global hotel chains, Magnuson Hotels was the #1 Hotel Company of Inc. Magazine’s 2009 annual ranking of the 5,000 fastest growing privately owned U.S. companies. With a four year reservation sales growth of 595%, Magnuson Hotels is listed in the top 100 U.S. business services companies.